Executive and Co-founder of Elysium to join CRYPTALGO

A Swiss-based institutional crypto-trading and brokerage firm CRYPTALGO declared that it has approved Ed Mount to its advisory board
26 June 2018   821

Ed Mount will assist as the Chief Adviser of Trading Technologies. He is a specialist in automated database technologies and the former founder of Elysium Technology Group, a post-trade solutions provider for foreign exchange (FX) and futures. Previously, Mount was the Managing Director and Global Head of Electronic FX Trading at Nomura (a major Japanese financial holding company) and Royal Bank of Scotland.

Jon Matonis is another senior official to be appointed to the board. He is the Founding Director of the Bitcoin Foundation joins a host of other experienced hands at the firm. Matonis has got a wealth of experience in the crypto industry. Besides from co-founding the Bitcoin Foundation, he is on the board of Globitex and was on CoinDesk’s editorial board. Earlier Matonis worked for Visa and was CEO of Lydia Group, a private equity consultancy group.

Matonis and Mount enter a board that is chaired by Tobias Straessle, the former Saxo Bank Chief Information Officer and Chief Operating Officer. CRYPTALGO is headed by Francisco Portillejo Hoyos. The former Head of Derivatives Distribution for EMEA & LATAM at UBS AG is presently the cryptocurrency firm’s CEO.

Jon and Ed are prominent leaders of their respective industries - having them on board enforces investor interest in the cryptocurrency and blockchain market and continues to align the high standards of practice that CRYPTALGO provides with that of our clients. They are a strong and welcome addition to a team that aims to provide investors with robust, compliant and institutional-grade tools for crypto trading and investments.
Francisco Portillejo Hoyos,
Head, CRYPTALGO

CRYPTALGO was established in 2017. The company suggests connections to 20 crypto exchanges, providing execution services and asset management solutions to institutional customers. Cryptocurrency algo-trading system is being deployed by the firm, it is also proposing an arbitrage fund and other crypto investment products such as Indices and exchange-traded-funds (ETFs).

Facebook to Launch GlobalCoin in 2020, BCC Says

Facebook consults with representatives of the US Treasury Department and Bank of England  about regulating the initiative named Libra
24 May 2019   43

Operator of the world's largest social network Facebook Inc. will launch a new payment network based on its own cryptocurrency in the “dozen countries” in the first quarter of 2020, the BBC reports.

The publication claims that Facebook consults with representatives of the US Treasury Department and Bank of England Governor Mark Carney about regulating the initiative, code-named Libra.

At the same time, the Financial Times reported that Facebook is already in talks about listing GlobalCoin on the American exchanges Gemini and Coinbase. 

Sources of the publication said that Facebook is discussing with the trading firms Jump and DRW the prospects of market-making and liquidity.

Previously, the media claimed that the company is also in talks to support the initiative with Western Union, Visa and Mastercard.

Testing the network is supposedly scheduled for the third quarter of this year.

On May 2, Facebook registered Libra Networks in Geneva, Switzerland. Its profile involves the development of infrastructure and software, in particular, related to investment activities, payment transactions, financing, identity management, data analysis, Big Data, blockchain and other technologies.